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Sept 8 (Reuters) – Enbridge (ENB.TO) said on Tuesday its CEO Greg Ebel will retire at the end of 2026 and be succeeded by industry veteran Michele Harradence, with the Canadian pipeline operator changing its leadership after a period of major expansion in U.S. natural gas utilities.
During Ebel’s tenure as CEO, Enbridge acquired three utilities from Dominion Energy, helping make the company one of North America’s largest integrated gas utility platforms.
Enbridge now has a secured growth backlog of C$41 billion spanning its liquids pipelines, gas transmission and storage, natural gas utilities and renewable power businesses.
Harradence, who joined Enbridge in 2014 after 16 years at Shell, has led the company’s gas utilities since 2022 and oversaw the integration of the Dominion utility acquisitions. She is currently head of Enbridge’s gas distribution and storage business.
The businesses serve about 7.2 million homes, schools, hospitals and businesses across Canada and the United States.
She was the senior vice president and chief operating officer of Enbridge’s Gas Transmission and Midstream business in Houston before taking charge of the company’s utility business.
Ebel joined Enbridge in 2017 following its merger with Spectra Energy and became president and CEO in January 2023.
As of Monday’s close, Enbridge shares have gained about 30% since Ebel took over as CEO, compared with an 86.3% rise in Canada’s S&P/TSX Composite Index (.GSPTSE).
Ebel will remain on Enbridge’s board through December 31 and serve as an advisor to the board and Harradence until May 2027.
Reporting by Varun Sahay in Bengaluru; Editing by Leroy Leo
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